Today, billet prices in the Tangshan market (northeast China), opened flat, against last week’s closing. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 3,420/t ($493/t) in Tangshan, inclusive of 13 % VAT. The finished steel transactions were weak, billet prices may drop by RMB 10 by tomorrow, SteelMint learned from its trade channels.
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